Spectacular lithium hits at Liontown Resources’ Kathleen Valley deposit of up to 5.7%, including a growing zone regularly grading better than 3%, provides further support for a proposed underground and open pit lithium mine (reports MiningNews).
The latest hits from the RC program include 43m at 3.1% from 253m, with 21m at 3.8% and 1m at 5.7%; and 16m at 2.6% from 308m, including 13m at 3.1% - all outside the resource envelope.
Northern Star Resources has rewarded shareholders with a 7.5¢ fully franked interim dividend up 25 per cent on the 5¢ it paid last year...
Northern Star Resources has rewarded shareholders with a 7.5¢ fully franked interim dividend up 25 per cent on the 5¢ it paid last year (reports The West Australian).
The juicier payout came on the back of a 54 per cent jump in net profit after tax in the first half to $126.8 million.
Record gold prices have allowed Newcrest Mining to match last year's half year profit despite a 12 per cent slump in gold production volumes...
Record gold prices have allowed Newcrest Mining to match last year's half year profit despite a 12 per cent slump in gold production volumes (reports The Australian Financial Review).
A weakening Australian dollar has combined with a flight to the traditional safe haven metal to create boom conditions for Australian gold miners like Newcrest, which has mines in New South Wales, Western Australia and Papua New Guinea.
Sandfire Resources has withdrawn from an earn-in agreement in Alaska and signed a new exploration deal closer to its flagship DeGrussa copper mine...
Sandfire Resources has withdrawn from an earn-in agreement in Alaska and signed a new exploration deal closer to its flagship DeGrussa copper mine (reports MiningNews).
The copper producer will withdraw from White Rock Minerals' Red Mountain zinc project in Alaska, after having spent A$8.5 million on exploration last year.
While Sandfire will walk away without an interest in the project, it will remain an 11.3% shareholder in White Rock.
White Rock said it would seek funding to explore the newly identified 15sq.km Last Chance gold anomaly.
From the many hundreds of listed small cap explorers, barely a handful will become long-term success stories (reports Reuben Adams of Stockhead). But pick the right one as an investor and gains can be monumental.
In early 2009, struggling explorer Sandfire Resources (ASX: SFR) discovered what would later become the world-class DeGrussa copper-gold mine, rapidly transforming its fortunes from a 4c penny stock into a ~$1bn mining company.
Liontown Resources has reported a near-doubling of its resource at the Kathleen Valley lithium prospect...
Liontown Resources has reported a near-doubling of its resource at the Kathleen Valley lithium prospect, with another estimate due next month as feasibility work continues (reports MiningNews).
The new 139 million tonne resource, grading 1.3% lithium oxide, is an 86% increase on the estimate made in mid-2019.
Liontown said the reporting of interim resource estimate "followed a review of data from the ongoing drilling program which indicated that a previously announced resource extension exploration target of 25-50Mt at 1.2-1.5% Li2O would be materially exceeded".
Centaurus Metals (ASX: CTM) has bitten into a thick zone of high-grade semi-massive to massive nickel sulphides at the Onça-Rosa prospect, within its Jaguar nickel project in northern Brazil (reports Bevis Yeo of Stockhead).
Recent drilling has confirmed the down-dip extension of historical high-grade nickel sulphide mineralisation with a top result of 9.3m at 3.13 per cent nickel, 0.19 per cent copper and 0.08 per cent cobalt from 281.8m, Yeo said.
There was in 1999 a very good reason for deciding to close the Misima goldmine in Papua New Guinea...
There was in 1999 a very good reason for deciding to close the Misima goldmine in Papua New Guinea. Somewhat oddly, it’s exactly the same reason to start again today (reports Stockhead).
The price of gold, which had plunged to $US252/oz ($374/oz) in May 1999, at the start of a gold-selling program by the Bank of England, determined the fate of the mine 21 years ago, whereas the current price of $US1553/oz underpins plans to redevelop Misima.